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Britishpound

Can the Bulls Win this Drag? GBPUSDI have had a couple of losing trades from this pair this week. Will the bulls win now??? That was not a question because am already opening positions from the current level with a good SL, just enough room to play around if price suddenly becomes choppy. FX:GBPUSD PPPDirhams. Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Long
by Kingsley_lotanna
2
GBPAUD - Potential Break and RetestI have been monitoring this pair for a while now for confirmation that it's bullish trend is over. Here we see price has broken the current support level which it has held for a week now. The cause being a positive result for AUD on this mornings RBA interest rate decision. GBP has shown strength at the start of the london session, I hope we will now see a reversal at the retest zone, for which I will await a bearish confirmation candle to confirm a break and retest of the prior support, and a continuation downward. Let's see how this plays out! ONLY if we see a solid rejection here will I be interested in shorting this pair. If so, I will look to target the 1.87 psychological level which appears to be an area of prior resistance-turned-support.
Short
by MMQ_FX
3
GBP/USD: Test the support againThe British Pound is now close to its support vs the US dollar FX:GBPUSD The British pound does not appear to be recovering against the US dollar and appears to be expecting another round of declines of a few days. Alternatively, an upside break of the 1.3845 resistance line will confirm the bullish chart pattern with an initial rise targeting late June’s top of the 1.4000 thresholds. Any further downside will be tested by the stated bullish formation’s support line, around 1.3730. During the fall, June’s low around 1.3785 may act as an intermediate halt. Economic Calendar (GMT Time) UK: Composite PMI: 8:30 am This report measures the activity level of purchasing managers in both sectors. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. UK: Services PMI: 8:30 am The report measures the activity level of purchasing managers in the services sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. EU: ECB President Lagarde Speaks 9:00 am As head of the ECB, which sets short-term interest rates, she has a major influence over the value of the euro. EU: ECB President Lagarde Speaks 11 am
by JohnGoldman1